Putting a price on carbon
Read the article China plans carbon trading pilot scheme and then answer the questions below. You can either read the article in the window below or you can follow the previous link to read the article in a separate window.
You may also like to read the following articles relating to carbon trading schemes:
Define the terms:
- tradable permit
- carbon trading scheme
Explain how the use of cap and trade schemes is intended to reduce emissions of CO2.
Explain the scope and objectives of the Kyoto Protocol.
Discuss the relative merits of using carbon taxation as a policy to help meet emissions targets in comparison to cap and trade schemes.
According to the Stern Review ".... the second ingredient necessary to tackle climate change [i]s a range of policies to support the development of low-carbon and high-efficiency technologies." Identify two policies that would help achieve this and evaluate their likely success.
Reducing Carbon emissions
Investigate the success of recent schemes and agreements to reduce carbon emissions. Prepare a 500 - 1000 word report on your findings, including some of the following:
- An explanation of the focus and/or success of Kyoto Protocol, the UN Framework Convention on Climate Change and the Copenhagen and Cancún Summits on climate change.
- A comparison of the relative merits of a cap-and-trade system and carbon taxes.
- An analysis of whether the total number of permits allocated should be reduced.
- An evaluation of alternative policy approaches to encouraging green investment.